BlackBerry Ltd Conference Highlights

BlackBerry Ltd BBRY reported its second quarter earnings on Friday. Shares of the company are up 1 percent.

Below are some key highlights from its call:

• Non-GAAP loss per share narrowed down significantly down to $0.02 a share, which of course compare that to the $0.11 a share last quarter.
• Our cash balance we maintain at $3.1 billion.
• Dramatically lowered our use of our cash from normal operations to $36 million.
• $255 million cash used last quarter.
• We added over a million end-users to BlackBerry 10 in the quarter.
• Revenue came in within our range, at the low end of our range.
• For the U.S., the Passport is available unlocked on Amazon and blackberry.com. As you all know, we priced the phone at $599 U.S. in the United States and $699 in Canada; and at this level the device is profitable.
• It sold out on blackberry.com within 6 hours and sold out within 10 hours on amazon.com.
• In fact I believe we were the number one selling unlocked smartphone on Amazon on the day that - before it was sold out.
• The engineering team is now working hard on the classic.
• The quarter brought in 2.2 million new licenses, over 900 new customers.
• BBM now reported 91 million monthly active users, MAU [ph], which is up 6% from a quarter ago and 44% by the way over a year ago.
• In this particular fiscal year, we expect the software number to be roughly about $250 million, which includes BES license software sales as well as IT Support.
• Revenue for the second quarter was $916 million. Hardware represented 46% of revenue compared to 39% last quarter.
• We recognize revenue related to approximately 2.1 million devices in the second quarter up from 1.6 million in the previous quarter.
• Services revenue represented 46% of revenue compared to 54% last quarter.
• Service access fees declined 13% compared to last quarter's normalized SaaS revenue.
• Non-GAAP operating expenses were $433 million, down from $504 million last quarter.
• Non-GAAP net loss was $11 million or $0.02 per share. GAAP net loss, which includes the impact of the debt and restructuring, was $207 million or $0.39 per share.
• During the second quarter we also completed the Canadian real estate sale as well as some other smaller asset sales.
• Total proceeds from these activities amounted to $56 million.
• Purchase obligations and other commitments amounted to approximately $1.6 billion.
• Purchase orders with contract manufacturers represented approximately $344 million of the total.
• Expected due to our new hardware launch activities. Total cash, cash equivalents and investments was $3.1 billion.